Global X Solar ETF (RAYS)
RAYS is a passive ETF by Global X tracking the investment results of the Solactive Solar Index. RAYS launched on Sep 8, 2021 and has a 0.50% expense ratio.
ETF Info
US37960A7019
37960A701
Sep 8, 2021
Global (Broad)
1x
Solactive Solar Index
Expense Ratio
RAYS has an expense ratio of 0.50%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Global X Solar ETF (RAYS) returned 2.46% year-to-date (YTD) and -17.73% over the past 12 months.
RAYS
2.46%
18.19%
-11.94%
-17.73%
N/A
N/A
^GSPC (Benchmark)
0.60%
9.64%
-0.54%
11.47%
15.67%
10.79%
Monthly Returns
The table below presents the monthly returns of RAYS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.16% | -0.74% | -6.88% | -5.58% | 17.59% | 2.46% | |||||||
| 2024 | -18.99% | 8.40% | 1.38% | -7.82% | 9.22% | -18.74% | 7.40% | -1.84% | 12.65% | -2.72% | -7.66% | -12.37% | -31.92% |
| 2023 | 13.15% | -8.93% | -0.76% | -8.73% | -5.84% | 3.41% | -5.51% | -14.63% | -9.64% | -14.81% | 2.09% | 12.61% | -35.13% |
| 2022 | -15.51% | 11.41% | -3.44% | -18.20% | 15.10% | 9.85% | 12.27% | -7.90% | -11.21% | -0.84% | 10.49% | -8.28% | -13.28% |
| 2021 | -6.23% | 22.78% | -8.48% | -8.35% | -3.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RAYS is 7, meaning it’s performing worse than 93% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X Solar ETF (RAYS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Global X Solar ETF provided a 0.71% dividend yield over the last twelve months, with an annual payout of $0.07 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.07 | $0.07 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.71% | 0.73% | 0.00% | 0.00% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Solar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.07 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Solar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Solar ETF was 74.62%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Global X Solar ETF drawdown is 67.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.62% | Nov 2, 2021 | 861 | Apr 8, 2025 | — | — | — |
| -6.97% | Sep 10, 2021 | 17 | Oct 4, 2021 | 7 | Oct 13, 2021 | 24 |
| -3.95% | Oct 21, 2021 | 2 | Oct 22, 2021 | 3 | Oct 27, 2021 | 5 |
| -0.73% | Oct 14, 2021 | 1 | Oct 14, 2021 | 1 | Oct 15, 2021 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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